룩셈부르크, 세계에서 18번째로 가장 경쟁력 있는 경제

룩셈부르크는 세계경제포럼에서 발표한 2019년도 세계경쟁력보고서에서 18위를 차지했다. 룩셈부르크의 세계 경쟁력은 전년도 대비 한 단계씩 발전했다. 특히, 거시 경제 안정성, 기관 및 금융 시스템의 성과 부분에서 두드러진다.

Luxembourg ranks 18th in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. The most competitive economies include Singapore, the United States, Hong Kong, the Netherlands and Switzerland.

Leading macro-economic stability

Luxembourg ranks 1st among the most competitive countries in the world in terms of macro-economic stability. This is due to its low inflation and favourable debt dynamics. It ranks 9th in the “institutions” category, in particular due to its absence of terrorism attack, low homicide rate and high reliability of police services.

Not very surprisingly, Luxembourg is also in 10th position in the category “Financial system”, mainly due to the soundness of its banks, the low rate of non-performing loans and the availability of venture capital.

Favourable labour market

Luxembourg is on 12th place in the “Labour market” category, where it comes out particularly well in terms of active labour market policies, the ease of hiring foreign labour and the cooperation in labour-employer relations.

“Among [Luxembourg’s] assets is the strong presence of a foreign workforce, often qualified or even highly qualified, which represents 73% of the labor market and places Luxembourg, according to business leaders, as one of the countries where the workforce is the most competent. International talent is thus one of the driving forces of an internationally competitive financial centre, a well-established entrepreneurial culture and an evolving innovation ecosystem,” comments the Luxembourg Chamber of Commerce.

Source: https://www.tradeandinvest.lu/news/luxembourg-18th-most-competitive-economy-in-the-world/

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